Ann: Quarterly Activities and Cashflow Report December 2019, page-2

“The Australian Taxation Office (ATO) has alleged that the Company did not take reasonable care when claiming the Research and Development tax incentive and has indicated an intention to apply a 25% penalty ($255,285) on the amount of the tax incentive that was rejected by Innovation Science Australia.“

I’m not sure exactly what happened here.I hope they can dispute this, something that happens, although still not good.